Fueling the recent surge in PSU counters are defence stocks, especially those involved in shipbuilding. These companies are experiencing substantial increases in share values, hitting record highs with each passing day. The uptrend is propelled by robust order wins and improvement in their financial performance. The Indian defence shipbuilding sector […]
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Petronet LNG Ltd’s shares have been trading lower since the release of its March quarter results (Q4FY24) as its Ebitda missed analysts’ estimates, despite clocking a 17% year-on-year growth. The growth was driven by higher volumes, but weak gas prices, inventory loss and provisioning played spoilsport. The company’s Ebitda stood […]
Dedicated emerging market (EM) foreign investors, Wood noted, may no longer be ‘overweight’ on India given a combination of sustained outperformance and strong domestic inflows prompting a potential shift in foreign investor sentiment. However, Chris Wood continues to have a positive structural view on India’s domestic demand cycle. Another reason […]
GSM Foils IPO has began subscriptions on Friday, May 24, and will end on Tuesday, May 28. GSM Foils IPO price band has been set at ₹32 per equity share with a face value of ₹10 each. The lot size for the GSM Foils IPO is 4,000 shares. The company’s […]
The stock declined around 1 percent to its day’s low of ₹436.90 in intra-day deals today, Friday, May 24. It has now corrected 12.5 percent from its peak of ₹499.60, hit in July last year but has advanced over 9 percent from its 52-week low of ₹399.30, hit on March […]
The minutes showed Fed officials are convinced it would take longer than previously expected to gain confidence that inflation was moving sustainably towards the Fed’s target of 2 per cent. Also Read: US Federal Reserve minutes show officials rally around higher-for-longer rates MCX Gold traded lacklustre in the morning on […]
Shares of Adani Enterprises Ltd., the flagship of Indian billionaire Gautam Adani’s group, have erased all the losses inflicted by a scathing short-seller report in early 2023, after the conglomerate cut debt and landed major projects. The stock crawled back losses of more than $30 billion that came after US-based […]
Shares of Finolex Cables surged over 14 percent in intra-day deals on Friday to its record high of ₹1,308.25 after the company posted better-than-expected results for the quarter ended March 2024 (Q4FY24). The firm posted a 6.3 percent year-on-year (YoY) increase in its consolidated net profit at ₹186.1 crore for […]
The company plans to raise ₹598.93 crore from the issue. The bidding for Awfis Space Solutions IPO commenced on May 22 and will conclude on May 27. Awfis Space Solutions is the largest flexible workspace solutions company in India as of 9MFY24 providing solutions to small and medium enterprises (SMEs), […]
The Indian stock market indices, Sensex and Nifty 50, are likely to open on a tepid note Friday tracking weakness in global peers. The Gift Nifty also indicates a muted start for the Indian benchmark equity indices. The Nifty 50 index touched a fresh all time high of 22,993 levels, […]